Voyager Digital said Wednesday that its fiscal first-quarter revenue climbed to more than $60 million from $2 million a year ago, but fell 40% from its fiscal fourth quarter.
- The crypto brokerage platform posted preliminary revenue for the three months ended Sept. 30 of between $63 million and $67 million.
- While that represents a more than 30-fold jump from the year-earlier period, it’s 40% below the figure for the company’s fiscal fourth quarter that ended on June 30.
- Voyager Digital’s shares on the Toronto Stock Exchange (TSX: VOYG) were down more than 14% at the time of writing.
- Verified users increased to more than 2 million from 87,500 the year before, with net new deposits growing to $827 million from $36 million.
- Voyager Digital is publicly traded in North America on the TSX and in Europe on the Frankfurt Stock Exchange.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.